Date Funded:  6/7/11

Facility Amount:  $1,000,000

The Company:  This company is an Illinois based manufacturer that prepares, blends and packages dry ingredients such as powdered milk, pancake mix, nutritional supplements, etc. They can source, blend, pouch, or kit and assemble the customized requests of their client base.

The Issue:  The principal of one of Allied’s existing clients approached Allied with a request for acquisition financing with the intention of acquiring then factoring the receivables of this company that operates in a similar industry.

The Solution:  The existing client contacted Joel Flig at Allied, and due to this client’s own favorable history with Allied, we were quickly able to assist with the client’s request to provide the funding necessary to acquire the business.

The Win:  This “Funding by Allied” will not only provide the growth/acquisition capital needed by one of our existing clients to acquire the business, but it will also provide the funding to grow and expand the company following the acquisition.